Month: March 2023

Site resolves ‘major outage’ after nearly 6 hours

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Social media platform Reddit is back online after it identified and implemented a fix for a “major outage” that made browsing impossible for desktop and mobile users for almost six hours. The platform first noted it was offline at 7:18 pm UTC on March 14, according to Reddit Status, and said it was working to identify the issue. Screenshot of the r/Cryptocurrency subreddit during the outage. Source: Reddit About 30 minutes later, at 7:56 pm UTC, it said it had identified an internal systems issue and was working to determine…

Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator – Finance Bitcoin News

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The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank and its ability to do business in a safe and sound manner.” ‘Nothing to Do With Crypto’ After the New York State Department of Financial Services (NYDFS) took possession of Signature Bank on Sunday, there…

Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future

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Bitcoin BTC Price Gains Early, Fades Late to Trade Below $25K

James Lavish, managing partner at Bitcoin Opportunity Fund, said that bitcoin’s pullback late Tuesday indicated that the cryptocurrency “got ahead of itself with short covering after pushing through key $25,000 resistance for traders.” In an email to CryptoX, he added: “That, plus the CPI numbers suggest the hikes are not quite over yet, even if the 50-basis point is essentially off the table now.” Source 25kBitcoinBTCEarlyFadesGainsLatePriceTrade CryptoX Portal

WTF Happened to BITCOIN???

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Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’ – Economics Bitcoin News

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Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with the Federal Reserve.” Doubleline CEO Jeffrey Gundlach on Fed Rate Hikes Jeffrey Gundlach, chief executive and chief investment officer of investment management firm Doubleline, shared his Fed rate hike expectations in an interview with CNBC Monday. Gundlach is nicknamed “the Bond King” after he appeared on the cover of…